Sentry Investment Management LLC Has $93,000 Position in Realty Income Co. (NYSE:O)

Sentry Investment Management LLC cut its stake in shares of Realty Income Co. (NYSE:O) by 60.9% during the 4th quarter, HoldingsChannel reports. The firm owned 1,611 shares of the real estate investment trust’s stock after selling 2,504 shares during the period. Sentry Investment Management LLC’s holdings in Realty Income were worth $93,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Harbour Investments Inc. lifted its position in shares of Realty Income by 2.8% during the fourth quarter. Harbour Investments Inc. now owns 5,888 shares of the real estate investment trust’s stock valued at $373,000 after purchasing an additional 160 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Realty Income by 13.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,522 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 185 shares in the last quarter. Baystate Wealth Management LLC boosted its stake in shares of Realty Income by 62.7% in the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 190 shares during the last quarter. Vestcor Inc grew its holdings in shares of Realty Income by 0.4% in the second quarter. Vestcor Inc now owns 48,121 shares of the real estate investment trust’s stock valued at $2,877,000 after acquiring an additional 191 shares in the last quarter. Finally, Pinnacle Bancorp Inc. increased its position in shares of Realty Income by 5.2% during the third quarter. Pinnacle Bancorp Inc. now owns 4,119 shares of the real estate investment trust’s stock valued at $206,000 after acquiring an additional 202 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on O shares. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Stifel Nicolaus cut their price target on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Mizuho decreased their price objective on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a report on Thursday, March 7th. BMO Capital Markets started coverage on shares of Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 target price on the stock. Finally, Royal Bank of Canada raised their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, January 11th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Realty Income has a consensus rating of “Hold” and an average target price of $60.96.

Insider Activity

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the transaction, the director now directly owns 6,257 shares in the company, valued at approximately $339,317.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

Realty Income Stock Up 1.4 %

Realty Income stock opened at $52.02 on Friday. The firm has a market capitalization of $44.80 billion, a price-to-earnings ratio of 41.29, a P/E/G ratio of 5.32 and a beta of 0.92. The firm has a 50 day simple moving average of $52.49 and a 200 day simple moving average of $53.32. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.72). The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. Realty Income’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.00 earnings per share. On average, analysts predict that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.257 per share. This represents a dividend yield of 5.9%. The ex-dividend date is Tuesday, April 30th. Realty Income’s dividend payout ratio is presently 244.45%.

About Realty Income

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.